Month: May 2024

Crypto Analyst Lists 6 Must-Buy Altcoins With The Most Potential

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As the crypto market exhibits signs of a burgeoning altseason, crypto analyst Alex Wacy has shared a strategic forecast with his 175,000 followers on X. Wacy predicts a selective yet explosive growth phase for altcoins, emphasizing the critical nature of asset selection and market timing. Crypto Market Outlook And Asset Selection Strategy Wacy’s recent thread underscores the anticipation of a massive altseason: “Only ~15% of altcoins will bring 10-100x in this hyper growth. Asset selection matters more than ever. One slip-up, and you’re out.” His analysis highlights the potentially selective…

Kenyan President Requests Bitcoin Miner Marathon Digital to Review Nation’s Cryptocurrency Regime

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The Kenyan President William Ruto recently revealed that his government has appointed Bitcoin mining company Marathon Digital as its consultant to review its cryptocurrency regime. The U.S.-based Bitcoin miner is reportedly set to discuss electricity usage in cryptocurrency mining with the Kenyan Energy Ministry. Kenya’s Policy Shift Kenyan President William Ruto recently announced that his […] Source

5 things we’ve learned since the Bitcoin halving

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The halving turned out to be a “sell the news” event for BTC — and with continued uncertainty around interest rates, a fresh rally may be some time off. It’s been two weeks since the Bitcoin halving — and in the short term at least, this rare event hasn’t delivered the explosion in price that bulls were hoping for. You could argue a lot of this has been outside BTC’s control. Rising tensions in the Middle East have led to sharp, sudden declines in the crypto markets. We saw this…

Solv Protocol attracts over 12k BTC investment, integrates Babylon partnership

Solv Protocol, a decentralized liquidity financial protocol, has reported a significant milestone in its operations.  According to an announcement on X, the protocol has attracted over 12,000 Bitcoin (BTC) in investments across multiple chains, including Arbitrum, BNB Chain, and Merlin Chain. Solv Protocol x @babylon_chain We’re thrilled to announce our partnership with Babylon, bringing native BTC restaking yields to SolvBTC. This integration will enable SolvBTC to be used to help secure PoS chains, roll-ups, and AVS, unlocking use cases for the large idle… pic.twitter.com/8A9pvhy27Q — Solv Protocol (@SolvProtocol) May 5,…

Analysts: Gold Rush In China Is Propping Prices Up

The interest and high demand for gold products in China is one of the factors that is propping the price of the precious metal up in international markets. Several analysts believe that the loss of confidence in traditional investment options in China, and the geopolitical factors and U.S. sanctions have contributed to this end. China […] Source CryptoX Portal

GBM Auctions to Host Memorabilia Auction with Polkadot Creator Dr. Gavin Wood – Blockchain News, Opinion, TV and Jobs

London, United Kingdom, May 6th, 2024, Chainwire GBM Auction (https://gbm.auction), the Bid-to-Earn Auction company, is thrilled to announce a historic collaboration event with Dr. Gavin Wood, co-founder of Ethereum and the founder of Polkadot and Kusama, to commemorate the 10th anniversary of the publication of the Ethereum yellow paper and the recent release of the JAM grey paper.  This event will feature three auctions for iconic pieces of blockchain memorabilia, representing pivotal moments in the world of blockchain technology. The online auctions, hosted at https://gavinwood.gbm.auction are slated to commence on…

900 Million Telegram Users Send TON Token Soaring 15%

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Telegram, the messaging giant, has reached a staggering 900 million users. This surge directly impacts Telegram Open Network (TON), the blockchain designed to work seamlessly within Telegram. TON has seen a remarkable 15% growth in the last week, highlighting its potential to become a mainstream crypto player. TON price action. Source: Coingecko TON: Cheap Transactions Draw In Users The key to TON’s recent success lies in its tight integration with Telegram. Users can ditch the hassle of separate crypto wallets and make transactions directly through Telegram’s native wallet. This…

Over 90% of Stablecoin Transactions Are Non-Organic

CoinspeakerOver 90% of Stablecoin Transactions Are Non-Organic In a surprising report from Bloomberg, Visa and Allium Labs’ re­cent study challenges the­ notion that stablecoins are poised to transform the­ global payments landscape. The re­port suggests that a startling 90% of stablecoin transactions in April 2024 did not originate from re­gular consumers, casting doubt on their potential as a mainstre­am payment method. Visa’s metric se­eks to isolate “organic payments activity” by filte­ring out transactions driven by bots and high-volume traders. This re­vealed that only $149 billion out of a total of…

Here’s When Bitcoin Could Peak In This Accelerated Bull Run

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The current Bitcoin price behavior and its deviations from expected cyclical patterns remain a central theme of analysis. Crypto analyst Rekt Capital (@rektcapital) recently shared new insights on X concerning Bitcoin’s potential peak during the ongoing bull run, which is progressing at an atypical pace compared to historical data. When Will Bitcoin Peak This Cycle? In a detailed post, Rekt Capital pointed out that as of mid-March 2024, Bitcoin had not only reached new all-time highs but had done so approximately 260 days ahead of its traditional halving-induced cycles. This…